We have to resist class warfare and lower taxes for everyone in order to grow our economy

President Obama and other politicians are advocating higher taxes, with a particular emphasis on class-warfare taxes targeting the so-called rich. This Center for Freedom and Prosperity Foundation video explains why fiscal policy based on hate and envy is fundamentally misguided. For more information please visit our web page: http://www.freedomandprosperity.org.

_________

We got to lower tax rates so we can grow our economy and if the tax rates are raised on the wealthy then punishing the job creators in our country will hurt economic growth. We have to resist class warfare and lower taxes for everyone in order to grow our economy.

In 2010, while speaking in Latin America, she asserted that, “the wealthy across the Americas to pay their ‘fair share’ of taxes in order to eliminate poverty and promote economic opportunity for all.”

There are rich people everywhere, and yet they do not contribute to their growth of their own countries.

Wow, that’s remarkable. She’s actually claiming that rich people somehow get a lot of money without boosting growth, even though they obviously provided some value and benefit in order get people to voluntarily pay money for whatever it is that made the person wealthy.

But that’s not the most offensive part of her statement. What really stuns me is the assertion that growth will be enhanced if these successful people give a greater share of their money to a corrupt and venal political class.

Which leads me to ask a simple question: Can anybody show me a poor nation that became a rich nation while imposing high tax rates and having a bloated public sector?

P.S. Even though Mrs. Clinton wasn’t making any distinction, allow me to stipulate that there are some rich people who got money dishonestly. I addressed this issue in a post last year and I suspect that some politicians think rich people are sleazy crooks because the rich people they hang out with are sleazy crooks.

P.P.S. Click here to get the answer to the question about nations that became rich with high tax rates and big government.